NCLAT declines stay on Adani's ₹14,535 cr bid for Jaiprakash Associates
pre-market1 source ↓written by the desknot a recommendation
- for Jaiprakash Associates
- ₹14,535 crore bid
- next hearing
- 10 Apr 2024
The NCLAT has declined interim stay on the Adani Group's ₹14,535 crore bid for Jaiprakash Associates Ltd (JAL). The tribunal requested a response from the Committee of Creditors within a week and scheduled the next hearing for 10 Apr 2024. This decision follows the NCLT's approval of Adani's resolution plan amid Vedanta's ongoing appeals.
Not investment advice. For informational purposes only.